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STATISTICS |
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Your
return on home improvement investments |
|
Improvement |
Typical Cost |
Increase in Sales Price |
Average Return |
Agents who recommend |
|
Lighten
and brighten |
$86-110 |
$768-935 |
769% |
84% |
|
Clean &
de-clutter |
$305-339 |
$2,093-2,378 |
594% |
91% |
|
Fix
plumbing, electrical |
$338-381 |
$922-1,208 |
196% |
63% |
|
Landscape & trim |
$432-506 |
$1,594-1,839 |
266% |
72% |
|
Staging |
$212-1,089 |
$2,275-2,841 |
169% |
76% |
|
Kitchen/bath upgrades |
$1,546-2,120 |
$3,823-4,885 |
138% |
83% |
|
Repair
flooring |
$1,531-1,714 |
$2,267-2,589 |
50% |
62% |
|
Paint
exterior walls |
$2,188-2,381 |
$2,907-3,233 |
34% |
57% |
|
Replace
carpeting |
$2,602-2,765 |
$3,585-3,900 |
39% |
65% |
|
2003
HomeGain Survey of 2,000 real estate agents
nationwide found that moderately priced home
improvements, ranging from $80-2,800, made in
preparation for sale actually yield the highest
returns when a house is sold. |
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"Staging speeds up sales in a sluggish market and can
bump up prices 2% to 10% in a moderate market. The
biggest advantage occurs with luxury homes or in a
market with bidding wars over properties, where
effective staging can boost prices by 30% to 50%."- Wall
Street Journal, 2.30.03
According to the National Association of Realtors,
for every dollar sellers put into staging, the
sellers get $4.00 back. The average increase
over the listing price is 6.32%, enough to cover
your realtor fees. On a $500,000 house the
added value of staging is $32,000.00!
Article by Teri Clark, in Homeowner's Choice
Magazine, February 2006 |
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